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Business News

Empty shop numbers 'set to rise'

The number of empty shops on the UK's High Streets is set to increase this year, a survey says, as economic conditions get tougher.

Greece says lender talks 'tough'

Greece holds further talks with its international lenders, as the debate on more austerity measures continues.

Fewer deaths 'may hit pensions'

The mortality rate in England and Wales improved in 2011, which could have a knock-on effect on pensions, actuaries say.

Clydesdale Bank owner could sell

The Australian owner of the Clydesdale Bank and Yorkshire Bank is looking for options to sell or radically reform the businesses.

Gas price rises as freeze bites

The price of gas in the UK hits its highest level for five years as below-freezing temperatures lead to a surge in demand across Europe.

Network Rail boss forgoes bonus

Network Rail bosses, including chief executive Sir David Higgins, say they will not accept bonuses this year amid growing political pressure.

Borrowers 'shunning credit cards'

Demand for credit cards is "feeling the strain" as UK borrowers turn to other forms of finance, a report suggests.

P45 tax form is given a reprieve

The P45 has been given a reprieve by the UK tax authority after employers said they did not want to see it go.

Tesco Bank delays account launch

Tesco Bank is not expected to launch its current account until next year in order to take advantage of new rules.

Brazil sells control of airports

The Brazilian government privatises operations at three airports as part of moves to upgrade transport links ahead of the World Cup.

Scots 'locked out' on procurement

Scottish firms are being "locked out" of public procurement contracts worth hundreds of millions of pounds, a think-tank claims.

House prices 'up 0.6% in January'

UK house prices increased by 0.6% in January, according to the latest survey from the Halifax.

Final bids for retailer Peacocks

Six serious bidders remain in contention to take over the Cardiff-based clothing retail firm Peacocks, struggling with £750m debts, BBC Wales understands.

HTC profits up but outlook poor

Taiwan smartphone maker HTC reports a 57% jump in annual profits, but it predicts a downbeat start to trading this year.

Ofcom wants Openreach price cut

Telecoms regulator Ofcom tells BT Group to cut the wholesale prices it charges for use of its lines

China in EU carbon scheme 'ban'

China tells its airlines not to pay charges to the EU's Emissions Trading Scheme, aimed at cutting carbon emissions.

Annuity sales 'unfair and opaque'

The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.

1.1 million face £100 tax fines

Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs says.

Personal insolvencies 'down 11%'

Fewer people were declared insolvent in 2011 in England and Wales than in 2010, but the number of companies going bust increased.

Euro crisis 'could damage China'

A eurozone recession could almost halve Chinese growth this year, according to a report by the International Monetary Fund.

Bank lending 'to shrink' in 2012

UK bank lending is set to shrink this year for the first time since 2009, according to the Ernst & Young Item Club.

Businesses 'cautious' on future

UK firms plan to cut back on capital investment and hiring as the UK economic outlook remains gloomy, a report suggests.

Mitsubishi to close Europe plant

Japanese car maker Mitsubishi Motors says it is to end production at its only plant in Western Europe.

Web firms remove India material

Facebook and Google tell a court in India they have complied with an order to remove "objectionable" material, amid ongoing legal moves on censorship.

High Streets bid for £1m funding

The government is looking for 12 run down High Streets in England to share £1m as a part of plans proposed by TV retail guru Mary Portas.

Gers Whyte may have lied to court

BBC Scotland uncovers evidence which suggests Rangers owner Craig Whyte may have lied in court.

Redknapp 'one half of Odd Couple'

Harry Redknapp and former Portsmouth FC chairman Milan Mandaric were like "The Odd Couple", a court hears.

England players go unsold at IPL

Seven England players and Ireland batsman Kevin O'Brien fail to attract bids at the Indian Premier League auction.

VIDEO: Greece restarts debt crisis talks

The BBC's Aaron Heslehurst on the resumption of Greece's debt crisis talks and China's refusal to pay a new EU airline tax.

AUDIO: 'Unemployment emergency' in UK

David Miliband: A "deep structural problem" is breeding youth unemployment in Britain

VIDEO: Chinese airlines 'to shun EU tax'

Beijing has banned Chinese airlines from taking part in the EU's Emissions Trading Scheme (ETS), aimed at cutting carbon emissions.

VIDEO: Why payday loans are on the up

Total bank lending in Britain is set to shrink for the first time since 2009 and the lack of credit from mainstream banks could help payday loan firms grow further.

AUDIO: Life as a manufacturing apprentice

Apprentices at a missile manufacturing firm told Radio 5 live what they like about the schemes and what they would change.

VIDEO: My Bottom Line: Ken Weir

Honda Motors Europe vice-president Ken Weir argues that the UK needs to develop apprenticeships for the benefit of young people as well as companies and communities.

VIDEO: Heathrow flights hit by weather

The Independent's Simon Calder explains why Heathrow airport was so badly affected by the severe weather on Sunday.

VIDEO: Your Money: Tips on money management

In this week's Your Money, Declan Curry looks problems with pensions, considers the benefits of credit unions and gets some top tips on how to manage your money.

What the Dickens is the author worth?

The worth of the author's brand, 200 years after his death

Road warriors struggle to get connected

Road warriors struggle to get connected

Bristol launches its own currency

Keeping it within the local economy

Tales of woe from the roaming professionals

When working in a new country can prove unlucky

Credit where it's due

Would Scotland inherit the UK's triple-A rating?

China loosens grip on yuan

Foreigners allowed to invest directly using yuans

Snow difficulties and your rights

Your rights if you are unable to reach work owing to snow and ice

 

Quote of the day

 

Do not meddle in the affairs of dragons, because you are crunchy and taste good with ketchup.